we will hear from representative adam smith.ter that, a chance to see the president's address on troop withdrawals. then secretary of state clinton was the testimony of capital hill and later, a hearing with joint chiefs chairman mike moylan. >> and our guest on "newsmakers" this week is congressman adam smith. the congressman represents the fourth lowest air force base -- fort lewis airforce base. thank you for being here. a writer for congressional quarterly is with us as well. >> there with not seem to be a lot that ended up being resolved on the libya conflict today. do you think this is the end of the issue for a while, or will it continue? >> i think congress should authorize the action that is happening in libya. we had two versions of it and it was passed in the house. the first was not limited enough and the second was too limited. i think what we are doing in libya is very important and i think it is important that congress have their voice be heard on the issue. i will try to introduce a new resolution authorizing it.

. >> our guest this week is congressman adam smith. he is the senior democrat on the house armed services committee. he represents for lewis and mccord air force base. he has been a member of congress since 1997. thank you for being here. let me introduce our questioners. emily, you are going to start. >> you had a couple of significant votes today on the libya conflict. there did not seem to be a lot that ended up being resolved today. is this the end of resolutions on libya for a while? will this continue? lex i think what we're doing in libya is important. it is important that congress have their voice be heard on the issue. i am going to try to introduce a new resolution authorizing that it is based off of the mccain won in the senate but further limited. there was concern that it was not as specific as it needed to be too limited to what we're doing now and make sure that no ground troops are used. it might be something we revisit. whether or not the house majority is interested in doing that, i do not know for sure. >> if the whi

we have some adam smith. the entire work said dave ricardo -- works of dave ricardo. >> it is the endowment over time. they did not raise money. i love your podcast. can i get the money? >> >> i would probably take it. >> how did you educate yourself about economics? >> the podcast played a big role. also, just reading books. i have a long commute. >> how long is it? >> four hours every day. >> you would go from where to wear every day? >> new jersey into manhattan. i listened to a lot. there were textbooks. i watched an intro macro class. it was interesting. >> we have a clip of the first video you did which is already 8 million views. it was released when? last april? >> in january 25, 2010. >> it is the old one. that would be nice. >> i am sure of it. set up what this was about. >> this is almost an intro buzz word festival for keynesian economics. you have keynes step through the basic framework for his theory and how it can get unemployment. they go through their employment which is bigger. there is the

. >> representative adam smith, the ranking member of the armed services committee discusses president obama's decision to drop down troops from afghanistan. and libya will be the first order of business after the july 4 break. newsmakers, sunday at 10:00 a.m. and 6:00 p.m. eastern on c-span. in our series of reviews -- and our series of interviews with republican candidates for president continues tomorrow night with ron paul. "wrote to the white house" tomorrow night on c-span. >> this weekend, "book tv" and "american history tv" look at life in savannah, georgia. also, a tour of urban slavery sites with civil wars of amoco offer bonn had good-walker. explore and develop and civil war savannah. c-span cozy local content vehicles in savannah, ga., this weekend on c-span3. >> next, the chairman of the federal deposit insurance corp. sheila bear giving a speech before she steps down next month. she criticized financial industry leaders for supporting "short-term policies that would overturn the dodd-frank and has regulatory law." this is about an hour. [applause] >> that was a very nice

congressman adam smith is the guest today marking the 100th day of u.s. efforts in libya. we want to share some of his comments in the program but i want to let you see the front page of the "washington post." no fast ends to the battle in libya. the piece points out as nato bombs rained on libya in march the president and others assumed the worried public that it would be over within weeks. now the springtime incursion has stretched into summer and gaddafi's resilience has caused them to struggle. calls are growing to end even as nato pleads for more time. as it enters the fourth months officials insist that the -- that they are succeeding and gaddafi will be the arab spring's third casualty. further in a couple of facts. first of all on america's military, part of the funding has been stripped in great britain. a top commander sang as it goes past spring his forces would crack under the strain. on wednesday italy's foreign more called for an immediate ends to hostilities. then the french president sake the u.s. is not doing enough to help with the nato operations over li

that were in place during years and capitalism was never meant to be completely without regulation adam smith talked about the invisible hand this idea that this is you know suddenly this free open market will really because there's trying to not believe that there's you know there's interest that completely hold on to markets and then there's been a narrowing out of allowing small businesses to thrive in that there's been a disproportionate amount of support to large corporations as opposed to you know the middle class and i think that this isn't exactly the capitalism that you know that we had signed up for as a country you know i hear i hear george's positions and points of yours there and it almost seems like the left and right in america are talking past each other and and like you know we've we've got our own you know there's fox news on the right and m.s.m. b.c. and others are. current on the left and different websites and so are we are we like on the verge of not a shooting war but a civil war of some kind it's this is it seems almost like our country is being called say we're on you

a business that employs makes things that actually generates wealth in the classic manufacture adam smith sets the right you know the alexander hamilton to manufacture seventy nine he wants we have a real price you know and and let's put some money there we did that with those but there were thousands of businesses across america that were in the position of creating wealth of making things and they got buckets the banks got all the money and i realize all that most of that happened in the bush administration is where decisions were made by henry paulson and tim geithner and george w. bush and his chain thought why not more folk. this particular in the first year of the obama administration on american manufacturers to quote hamilton rather than on the banking industry the financial services sector i think the idea there was that the this notion of too big to fail which is really a very unfortunate. set of circumstances is actually there's actually something to it economically the credit system the way i think of it is much like the bloodstream of the economic body if you will and when th

scoreless in the fourth but then, adam smith sends one into the bullpen. a monster home run. but...up 1-0. cal answers the next time up. another freshman derek campbell with a base hit center field that ties the game. then the ball is bobbled in center allowing darrell matthews to score. cal puts three on the board. campbell drove in two runs from the ninth spot. then the rain came. and the cal offense was pouring it on. after scoring three more in the top of the 6th, devon rodriguez base hit another run scores. cal wins 7-3. their first world series win since ronald reagan was swept into office. they will try to win another one for the gipper on thursday. >> i don't like to think too much. when i think too much it doesn't work well with me. [ laughter ] >> so i mean... i just kind of play it simple like we said. >> we have been down all year. we have had to fight back whether it's getting our program back or alumni fought four us and we fought on the field every game. >> we lose our first game and you got to come back and you got to win ballgames against very good teams or else you

congress could have done that. >> you can see the complete interview with representative adam smith, the ranking member of the house armed services committee tomorrow morning at 10:00 and 6:00 on c-span. he will also be talking about not only the vote yesterday but also the discusses the past week's decision by the obama administration to draw down troops from afghanistan, the house vote and the defense spending bill, which will be the first order of business after the july 4 break. that's on "newsmakers" tomorrow morning at 10:00 and again at 6:00 on c-span. back to the phones in our discussion regarding the house vote yesterday on the u.s. role in libya. dallas, texas on our line for democrats. you're on the "washington journal." go ahead. caller: good morning. i was just calling because i'm enjoying the program this morning. however, thank you for keeping everybody on topic. and i just want to say it feels like i'm watching fox news this morning which i never watch. but that's what it feels like. all the republicans calling in backing the president as usual. but don't forget it wa

philosophies but confirms old ones and i thinit confirms the british or scottish enlight enment, adam smith. and they said reason is weak. but the sentiments what they call the sentiments are strong. they are trustworthy. and that's one of the lessons here. we tend to think emotions are, if we get carried away by emotion we'll be ruined. and some extent that's true. but our emotions or our unconscious are surprisingly wise. so just trivially if you have trouble making a decision, flip a coin. and then look at the coin and don't go by what the coin tells you. go by your emotional reaction, are you happy or sad it came up heads or tails. and that will tell you. >> rose: sif you know you are happy it came up tails it means your instinct is it ought to be heads. >> unconsciously y process. yohave made a decision. you have made a decision, when it comes up heads then you say oh, i'm happy, you know secretly i wanted it to come up that way. so another famous illustration, there is a guy, a dutchscientist, h studied one of the most cognitively demanding things we do which isbuying turn door. it's

we will get to one other point i want to share with you from adam smith had joins us on the issue of pakistan. here is what he had to say. >> i wish we did not have national security interests in this part of the world. it is a very difficult part of the world, very unstable and not particularly well governed. unfortunately it is the epicenter of al qaeda. so, stability there matters to our national security. then you have to set a very low bar for success. success in that region right now is the ability to contain this threat. i would love to be able to lay out a plan for eliminating the threat and getting rid of violent extremism and taliban but it is not going to happen. we have to be able to contain it. sven number one -- step one is a stable government in afghanistan and pakistan. as bad as things are with pakistan if that government were descend in chaos or be taken over by the groups that are present that would be worse. so, we have to try to make this relationship work. host: he is the ranking democrat on the house armed services committee. that entire interview 10:00 eastern

captioning institute] [captions copyright national cable satellite corp. 2011] >> washington represented adam smith on "newsmakers" discusses president obama's decision to draw down troops from afghanistan. the defense spending bill that will be the first order of business after the july 4 break. "newsmakers" sunday at 10:00 a.m. and 6:00 p.m. eastern on c- span. in our series of interviews with republican presidential candidates continues tomorrow night with texas representative candidate ron paul. his years as a doctor, service and the military, and his views on congress. ""road to the white house" tomorrow night on c-span. >> c-span has launched a new, easy to navigate website for politics and the 2012 presidential race with information on the candidates, twitter feeds and facebook updates from candidates and political reporters, and links to c-span media partners in the early primary and caucus states. >> this week on "the >> this week on "the

spoke with the top democrat on this committee, the house armed services committee, congressman adam smitht before the hearing began. he supports the president's decision. he would like to see the process more accelerated, faster in the year 2012. but he did say the question is what's now? what is the strategy? how do they pull out without endangering any troops and without threatening any of the gains that had been made in that country in the process. listen here to congressman smith. >> everybody wants their troops home. we also don't want afghanistan to descend back into chaos and become a safe haven for al qaeda. i think the president did a roently good job of it last night. we looked for more details today. >> probably not a surprise, fredericka. the reaction here on capitol hill has been mixed ranging from liberal democrats and republicans concerned about financial concerns saying they want to see more troops out in faster timeline peps however, on the flip side we're hearing from republicans saying that it is too much too fast because it does many o ft gains and successes that we ha

this from don, adam smith must be rolling around in his grave. for markets to self-regulate as it should be. the government had no business giving bailouts to the auto industry. this from dan -- keep the conversation going, facebook.com/carolcnn. >> the obama administration got a lot of flack for trying to bail out the auto industry and now they are just -- they're simply trying to put it behind them and say look, good thing, we have to move on here. that was controversial. >> the conundrum for the president today, touting the auto industry bailout and how many jobs it's brought to the state of ohio but you have this terrible jobs report coming out and so -- does one balance out the other? >> what about the governor, the ohio governor? >> governor of the state of ohio invited to appear with president obama. he said he had other engagements. republican ins in the state of ohio says the president has not done enough for the economy in ohio. the ohio unemployment rate isn't exactly great. in fact, it's worse than in many other parts of the country.

. >> we just talked to congressman adam smith, who is the top democrat on the armed services committee in the house. the president this week faced debate on libya policy, even after his secretary of state made an appeal asking members to decide where they were in this whole process. could you talk to me about the president's foreign policy and how he is doing with members of his own party and with republicans on capitol hill? >> i would say there are divisions. there are sort of unusual divisions and unusual alliances that have appeared over libya in particular. democrats ended up backing him up to a large degree on libya by voting down the resolution friday that would cut off funds for most of the operation. i thought that was interesting. but in afghanistan, there's a lot of contention over the president's withdrawal plan. they want the church brought home. i did not see a lot of support backing of with the president was calling for. , not just in libya, but in afghanistan, defense spending. were seen as the setting aside the budget as sacrosanct. now you have a lot of republicans wh

our president that he would buy into an economic policy that's been rejected from everyone from adam smithnry hazlitt and yet the left continues to buy into this economic policy that technology kills jobs. i think we have reached the point in this statement where we can no longer give the president the benefit of the doubt that he's ignore it. we must recognize that he sabotaging the economy. [applause] my friends on the left cringe at this and say it's horrible. how dare you say that. that's so mean. the president himself in the state of the union says he wants the government to invest in technological innovation and the greens on sector and should go to china. if the president believes that technological innovation kills jobs he wants the government to invest in technological innovation by his own words he might want to kill jobs. the problem is for those of us from louisianan the jobs he once killed or hear in the oil and gas industry. he wants to kill these jobs. our president of the united states has bought into the field of leftists from the 14th century in europe. is it any wonder w

washington representative adam smith, the ranking member of the armed services committee discusses presidentbama's decision to drop them troops from afghanistan. the house votes on libya on friday. defense spending bill will be the first order of business after the july break. "newsmakers" today at 6:00 p.m. on c-span. next, a look at the u.s. economy with remarks from federal reserve chairman ben bernanke. he said on wednesday that the recovery is going at a moderate pace, though more slowly than expected by economists. he made these remarks after eight meeting with the policy committee. this is about one hour. >> threw out the briefing, michael will be to reflect the consensus of the committee while taking note of the diversity of views as appropriate. my remarks and interpretations are my own responsibility. as indicated in the policy statement, the committee decided to keep the target range for the federal funds rate at zero to point to 5%. we continue to anticipate economic conditions are likely to warrant low levels for the federal funds rate for an extended time. the planned purchases